According to Odaily, Baylee Wakefield, a multi-asset portfolio manager at Aviva Investors, stated that investors are closely monitoring today's Consumer Price Index (CPI) data for potential clues about the Federal Reserve's future direction. Wakefield noted that U.S. Federal Reserve Chair Jerome Powell's recent comments were consistent with his previous statements, albeit slightly more hawkish. Wakefield believes that the Federal Reserve is increasingly concerned about the potential short-term risks of rising inflation.